What are some of the companies that had their IPO in 2005? Researching the best companies to invest in can seem like a never-ending feat. Many startup businesses have proven loyal and fruitful, while others have proven to be the total opposite. We tend to forget that there are many different types of classified companies and stocks. Some of them are safer investments, while others are better left alone. The following is the list of some of the most companies that had their IPO in 2005. As well as some that weren’t yet public but did go public later on. You might recognize some of these names.
7 Companies That Had Their IPO in 2005
2005 was a big year for stock offerings. Many of the companies that went public that year had something to do with real estate and technology. Here’s a look at the seven companies that had their initial public offering in 2005:
1. Axos Financial
Axos began as BofI Holding, Inc., a business that Jerry Englert and Gary Evans Lewis started with $14 million in seed money. BofI was formed in Delaware in 1999. And on July 4, 2000, it started doing business as a Bank of Internet. It was decided to launch on July 4. The bank would be open on a day when other banks were shut in observance of Independence Day.
On March 15, 2005, BofI underwent an initial public offering and went public. 3,052,745 shares of the stock were made available at a cost of $11.50 each. BofI Holding changed its name to Axos Financial on October 1 and moved from the NASDAQ to the NYSE.
2. CF Industries Holdings, Inc.
Situated in the Chicago suburb of Deerfield, Illinois, CF Industries Holdings, Inc. It is an American producer and supplier of agricultural fertilizers, such as ammonia, urea, and ammonium nitrate chemicals. In 1946, the Central Farmers Fertilizer Company was established. It was a combination of neighborhood agricultural supply cooperatives during the first 56 years. Then CF through a demutualization process and went public.
In 2002, CF demutualized, and in 2005, it launched its initial public offering of equity stock. The stock of CF Industries has been a part of the S&P 500 index of large-cap stock prices since 2008.
3. XL Axiata
An Indonesian mobile telecommunications services provider with its corporate headquarters in Jakarta: PT XL Axiata Tbk. It ranks as Indonesia’s second-largest mobile phone provider. Bali, Java, Lombok, as well as the major towns in and around Kalimantan, Sumatra, and Sulawesi. The operator covers all of them. Over the GSM 900 and GSM 1800 networks, XL provides data communication, mobile communication, broadband Internet, and 3G services.
At first, XL offered GSM 900-based cellular mobile phone service. A few years after the company began offering services, it received a license to run an ISP, IPO, a VoIP service, and a DCS 1800 network. In 2006 XL acquired a 3G license and its services began operating in September of that same year.
4. NFI Group
In order for New Flyer Companies to have their IPO in the Toronto Stock Exchange, NFI Group came into being on June 16, 2005. The Globe and Mail newspaper and Maclean’s magazine both published articles about NFI Group after it became one of Canada’s Top 100 Employers in October 2008.
On January 23, 2013, Brazilian bus producer Marcopolo S.A. paid $116 million for a 19.99% ownership in New Flyer, the maximum amount it could have paid without making a bid to buy out other stockholders. On September 22, 2016, Marcopolo would lower its ownership of the company to 10.8%, but it would continue to be the largest stakeholder.
5. Volcom
Volcom is a lifestyle company that creates, markets, and sells products for board sports. United States-based Volcom is based in Costa Mesa, California. The company is well-known for its distinctive stone logo, the tagline True to This, and the Let the Kids Ride Free initiative. Todd Hymel is the owner and CEO of Volcom.
The corporation changed its name to “Volcom, Inc.” in April 2005. When Wachovia Securities, D.A. Davidson, and Piper Jaffray underwrote an initial public offering on NASDAQ on June 29, 2005, Volcom became a publicly traded firm. They raised US$89 million by pricing 4.69 million shares at US$19 each.
6. Tucows Inc.
With its corporate headquarters in Toronto, Ontario, Canada, and its incorporation in Pennsylvania, Tucows Inc. is an American-Canadian publicly traded Internet solutions and telecommunications firm. They include Tucows Domains, Ting Internet, and Wavelo, three separate companies.
When Tucows was first established in 1993 as a website for downloading shareware and freeware software, its distribution division would close in 2021. Tucows Domains offers OpenSRS, Ascio, and Hover services. The second-largest domain registrar in the world at the moment. Tucows began trading publicly on the Toronto Stock Exchange and the American Stock Exchange on August 19, 2005.
7. Silicon Graphics International Corp.
The American company Silicon Graphics International Corp. produced significant computational systems, x86-based systems for data center applications, and visualization technologies. The business was at first operating under the name of Rackable Systems in 1999. But in 2009, after buying Silicon Graphics Inc. out of bankruptcy, it changed its name to “SGI.”
Hewlett Packard Enterprise successfully acquired SGI for $275 million on November 1, 2016. In June 2005, Rackable Systems Inc. made its stock market debut by offering 6.25 million shares at a price of $12 each.
Final Words
2005 was certainly a great year for IPO companies, as we see that this lot was able to outperform the market and provide good long-term returns for investors. Ultimately, all of these companies successfully showed that they’re viable companies on their own and don’t need to rely on the support of private investors or venture capitalists they can make it on their own in the markets We’re optimistic that this lot will continue to perform well and hope that we see more successful IPOs like this in the future.
